what are some pricing tactics used by companies? What form of price discriminations might a company use? What type of pricing structure might company use. What other strategies might managers employ to maximize profit?

Q: Directions: Match the corresponding definition or characteristics to the market structures. Write…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: A monopolistically competitive firm (NOT a monopolist) has market power because of:

A: The type of structure of the market where there exist many producers selling products that are…

Q: indirect price discrimination. Discuss the grocery store coupon market and explain why the grocery…

A: Price Discrimination  Offering the same goods to different buyers at different prices in order to…

Q: what are some pricing tactics used by companies? What form of price discriminations might a company…

A: what are some pricing tactics used by companies? Answer: Profit Maximization, every firm wants to…

Q: How price discrimination occur in airline industry? Explain.

A: Price discrimination means charging different prices from different customers. It is possible to…

Q: Explain how long-run adjustments impact perfectly competitive, monopoly, and monopolistically…

A: All factors and cost of productions are variable in the long run time period. The markets may take…

Q: Monopolistically competitive firm are similar to monopolies in that they are able to earn economic…

A: Meaning of Monopolistic Competition: The term monopolistic competition refers to the situation…

Q: Write notes on Penetrating pricing.

A: Companies advertise new items at cheap prices, with small or no margins, through pricing…

Q: How might advertising make markets less competitive?

A: We will answer the first question since the exact one was not specified. Please resubmit a question…

Q: Answer the next question based on the demand and cost schedules for a monopolistically competitive…

A: Profit maximizing level of output is that quantity where marginal revenue is equal to marginal cost.

Q: Imagine a scenario in which the fashion industry is suffering from monopolistic price gouging and a…

A: The price gouging is a situation when the firms charge high prices that are unfair. The prices of…

Q: Provide some examples of goods/services you buy from a highly competitive market and some examples…

A: A perfect competitive(PC) market and monopolistic market are two markets with different…

Q: Why do some firms practice price discrimination? Relate your answer to the common practice of public…

A: A pricing technique known as price discrimination is when companies sell the same goods or services…

Q: Suppose you operate in a monopoly environment and you set your price in order to achieve maximum…

A: A firm maximizes its profit by setting the quantity that is derived from the intersection of the…

Q: You work for the only car rental company at an airport renting identical mid-size cars. They want to…

A: Price discrimination is a marketing approach in which a vendor charges varying prices for the same…

Q: What could be some types of discriminatory pricing policies?

A: In an economy, price discrimination can be practiced by the anti-competitive firm because he has the…

Q: Does a monopolistic competitor produce too much or too little output compared to the most efficient…

A: Monopolistic  competition: Monopolistic is a market situation where a large number of firms are…

Q: Fast-food stores often charge higher prices for their products in high-crime areas than they charge…

A: A pricing strategy where homogeneous goods or services are dealt at different prices, we call it…

Q: know how to plot graph and explain price discrimination

A: The price discrimination is the practice of charging different price from different consumers for…

Q: Monopolistic competition has which drawback compared to a monopoly?

A: From the side of consumer monopolistic competition is always better than monopoly but in case of…

Q: How would you characterize the nature of competition among small food companies? Are there…

A: Answer- Need to find- How would you characterize the nature of competition among small food…

Q: What is the main difference between a perfectly competitive industry and a monopolistically…

A: What is the main difference between a perfectly competitive industry and a monopolistically…

Q: How do perfectly competitive firms, monopolists, monopolistically competitive firms, and cartels…

A: Basics:- Profit maximization condition in all the market types:- Marginal Revenue = Marginal Cost…

Q: Which of the following is a necessary condition for price discrimination? Group of answer choices a.…

A: Price discrimination is charging different prices to different consumers based on the elasticity of…

Q: Some years ago, two intercity bus companies, Greyhound Lines, Inc. and Trailways Transportation…

A: The antitrust law is developed to protect the consumer from unfair practices of businesses. The laws…

Q: What is the Difference between predatory pricing, tie-in sales, and bundling? At what Price should…

A: Predatory pricing Bundle pricing Tie- in- sales when firms sell their product at a very…

Q: please provide me some advantages and disadvantages of short term pricing policies

A: The term Price refers to a function of the marketing mix. Pricing is the particular value of a good…

Q: Please explain what are the pricing strategies linked to value definitions. Give  two examples…

A: The pricing strategy refers to the method or strategy used for fixing and setting the price in any…

Q: Which type of a firm, monopolistically competitive or a monopoly, will have a greater incentive to…

A: A monopolistically competitive market comprises of many sellers supplying similar but differentiated…

Q: List and explain the three kinds of pricing methods. Give an advantage and a disadvantage for each…

A: Economics deals with all the relevant components regarding the pricing, quantity, all the economic…

Q: Volkswagen sells cars in many countries throughout the world, including Mexico and other Latin…

A: There is a culture difference between the countries. This would influence the position of Volkswagen…

Q: Answer all four questions! Is a monopolistically competitive firm productively efficient? How can…

A: Note:- Since we can only answer up to three subparts, we'll answer the first one, Please repost the…

Q: You are the manager of the local movie theatre in a small town. Running a movie has a fixed cost of…

A: Profit refers to the revenue that firms or sellers earn over and above the total costs that they…

Q: Monopolistic competitive firms' profit maximization decision a perfectly competitive firm. a…

A: Profit: Profit is the amount that a firm earns after subtracting all its expenses from total…

Q: How is the perceived demand curve for a monopolistically competitive firm different from the…

A: The demand curve is defined as the relation between the quantity demanded and the price level. It…

Q: Explain why an attraction is still motivated to apply price discrimination in pricing even though it…

A: In pure price discrimination, the seller charges each customer the maximum price they will pay when…

Q: Price is: equal to marginal cost for both perfect and monopolistic competitors. greater than…

A: Answer: Correct option: Price is equal to marginal cost for perfect competitors and greater than…

Q: In terms of perfect first-degree price discrimination, could you show that the firm's price of the…

A: Price discrimination: When a firm with the market power (i.e Pure monopoly firm) charges different…

Q: Airlines practice price discrimination by charging leisure travelers and business travelers…

A: The price discrimination refers to the charging different price from different customers for same…

Q: Outline the economic factors that affect marketing decisions and consumer buying power.

A: There are many economic factors that affect the marketing decisions of a firm such as unemployment…

Q: What type of pricing structure might company use. What other strategies might managers employ to…

A: Company may use cost pricing or price discrimination to maximize profit. Cost pricing would ensure…

Q: Draw a diagram depicting a firm that is making a profit in a monopolistically competitive market.…

A: Monopolistic competition refers to an imperfect market structure in which many firms sell products…